Business support & insolvency
We have one of the leading business support and insolvency teams outside of London, consistently ranked Band 1 by Chambers and Partners and the Legal 500.
Phil leads the firm's business support and insolvency team, and is widely regarded as one of the leading insolvency lawyers in the South East. He has over 26 years’ experience in dealing with the full range of insolvency assignments, both corporate and personal, and acts for Insolvency Practitioners, lenders, directors, shareholders, creditors, debtors and any other stakeholders requiring advice and assistance.
Phil has particular expertise in handling company administrations, the sale and purchase of distressed businesses, and Law of Property Act Receiverships. He has dealt with a wide range of businesses, based in the UK and overseas, from motor dealerships, tech companies, care homes, retail, leisure & hospitality, engineering and construction firms, to mining concessions and antiquarian book dealers.
The team is consistently ranked as a "Band 1" practice by Chambers UK, in which Phil is described as "a partner of vast experience who brings a calm pair of hands to matters." Under his guidance, the team was recognised as Insolvency Law Firm of The Year at the Insolvency & Rescue Awards in 2014, and was commended for insolvency & restructuring work in The Times 200 Best Law Firms in 2021.
Phil is technically very capable and committed to clients.
Phil is technically fantastic but with a commercial problem solving brain. Leads the team effectively and is always available to assist.
He is the first port of call for complicated and contentious matters; he's highly commercial and excellent at assessing cases from the perspective of the various parties.
Phil Smith is an incredibly experienced head of insolvency; again equally adept at being commercial or highly technical.
Phil Smith is a very experienced and commercial lawyer.
A genuine specialist department within a multi-disciplinary regional powerhouse. Quick to react and always with pinpoint accurate advice. Experts in their field led by Phil Smith and Oliver Fitzpatrick.
For me they are the unparalleled best insolvency specialist; often punching above their weight and outwitting far larger organisations.
Ranked "Best in Class" for restructuring and insolvency since 2007
Strong team with good strength in depth.
Top-notch and really easy-going lawyer who always gives an opinion and doesn't sit on the fence.